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INTRODUCING | Fayda, the New Ethiopian National ID, to Be Primary Identification for Banking Services
A Etiópia está a avançar com o seu esquema nacional de identificação, adjudicando um contrato para 1 milhão de cartões de identificação Fayda, com o objetivo de alcançar o registo universal até 2025. Isto irá melhorar a verificação de identidade e a inclusão financeira, juntamente com um sistema de identidade digital separado para a educação usando a blockchain Cardano.
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REGULATION | Ghanaian Fintech, Nsano, Expands to East Africa After Acquiring 2 Payment Licenses from Bank of Rwanda
Nsano Ltd has expanded in East Africa by launching an office in Rwanda, securing Payment Aggregation and Remittance licenses. Established in 2013, the firm enhances digital payments across Africa, now serving over 30 countries, and aims for continued growth.
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Kenyan AI and Blockchain Startup, Fastagger, Closes Investment from CV VC
Fastagger Inc, a Kenyan AI and blockchain startup, has secured funding from Switzerland's CV VC, marking a significant milestone for African Web3 ventures. CEO Mutembei Kariuki emphasized the investment will enhance their innovative solutions aimed at supporting SMEs impacted by climate change.
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LIST | Out of 12 Finalists Unveiled for the 2024 Africa Ecobank Fintech Accelerator Challenge, One is a Decentralized Ledger Product from Rwanda
12 fintech startups have made it to the final round of the 2024 Ecobank Fintech Challenge.
The finalists were announced at the semi-finals, which was held at the Ecobank Pan-African Centre in Lagos, Nigeria, with tie-ins from different countries such as France, Ghana, Côte d’Ivoire, Senegal, and
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Pan-African P2P Crypto Startup, VIBRA, Shuts Down in Nigeria, Kenya and Ghana
VIBRA, a Pan-African P2P cryptocurrency platform, has shut down operations in Nigeria, Kenya, and Ghana despite previous claims of a strategic pivot. The company struggled with a costly customer acquisition strategy and a challenging crypto sector.
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A Look at IMF’s Planned Global Payment System for CBDCs and Tokenized Assets
The IMF has launched a new global payment system called the XC platform, which uses a unified ledger for transactions with CBDCs. It promises lower fees, faster processing, and better information management, facilitating central banks' intervention in foreign exchange markets.
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FTX Creditor Motion to Limit Crypto Payouts to 49 Foreign Jurisdictions, Including Africa, Withdrawn
The FTX Recovery Trust has withdrawn its motion to limit creditor payouts in specific foreign jurisdictions, including China. This decision offers hope for creditors, though challenges and potential losses remain, emphasizing the complexity of crypto asset recoveries.
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PARTNERSHIP | Carry1st Partners with Electronic Arts to Scale EA SPORTS FC™ Mobile Across Africa Enabling In-App Purchases Via Crypto
Carry1st, Africa’s leading game publisher, introduces EA SPORTS FC™ Mobile top-ups on the Carry1st Shop, in a partnership with Electronic Arts Inc. (EA), the global leader in digital interactive entertainment.
Gamers are now able to recharge their FC Points and Silver in local currency and use the
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EAST AFRICA | Kenya to Introduce Digital IDs By December 2023, Says President Ruto
Kenya is testing a digital ID system using biometric scans for identity verification, set to launch in December 2023. This follows concerns over data privacy due to WorldCoin's activities. The new ID will replace Huduma Namba and serve as a lifelong identification number for accessing government services.
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MILESTONE | Nigerian Fintech, MoniePoint, Saw Over 200% Growth in Transactions Worth Over $150 Billion in 2023
In 2023, MoniePoint processed 5.2 billion transactions worth over $150 billion, marking a 205% growth from 2022. While notable, its volume is less than Kenya's M-PESA. MoniePoint expanded into personal banking, launching a consumer app and debit cards to compete with local fintechs.
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Stablecoins Are ‘Super Interesting to Us’ and Company is in ‘Study Phase,’ Says Uber CEO
Uber CEO Dara Khosrowshahi announced that the company is exploring stablecoins to potentially reduce international money transfer costs, highlighting their practical benefits. Interest in stablecoins is growing across various sectors, with significant market activity and institutional engagement.
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